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Aspin names former Morgan Sindall director as CEO

Ground engineering specialist Aspin has appointed ABC Electrification managing director Graeme Castle as its new chief executive.

Mr Castle (pictured), who has held roles senior roles with Laing O’Rourke, Morgan Sindall and Balfour Beatty, will replace current CEO Russell Ward, who leaves after 18 months leading the company.

Mr Castle joins from ABC Electrification, the rail JV between Alstom, Babcock and Costain, after two years as MD.

He moved to ABC from Laing O’Rourke, where he spent nearly five years as its operations lead for rail. Prior to that he was rail director at Morgan Sindall for three years.

The appointment of Mr Castle is the latest change to Aspin’s management team following its takeover by US private equity firm Sandton Capital Partners in February.

Aspin Group Holdings, the company’s holding company, entered administration in February as part of pre-pack deal which saw its subsidiaries sold to Sandton Capital Partners.

Last month the company brought in former Costain rail boss Gren Edwards as its chairman.

It has also hired Iain Sale, formerly of the Defence and Infrastructure Organisation, as its new chief financial officer and ex-Skanska commercial director Paul Oyekanmi as commercial head.

Scott Harrison meanwhile joined the group as development director from rail manufacturer SPX Flow.

According to Aspin, Mr Ward is stepping down to focus on his other business interests including his chairman roles at energy firm Heliex Power and specialist Advanced Insulation Group.

Mr Ward said: “It’s always been my intention to move on as soon as the key objectives of restructuring / financing and re-focus of Aspin were completed.

“That time is now as we’ve strengthened the executive team, rebranded, secured funding for growth from a stable financial base and brought the whole group together as one Aspin.

“It’s been challenging at times but most of all rewarding to see the results.”

Aspin unveiled plans last month to increase turnover from £30m to more than £60m by 2022.

The company also revealed last month that it would be moving its suppliers to 60-day payment terms.

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